WCI Communities, which develops luxury residential communities and homes in Florida, filed on Friday with the SEC to raise up to $150 million in an initial public offering. WCI previously went public in 2002 and listed on the NYSE under the ticker WCI, before being taken private again in 2009.
The Bonita Springs, FL-based company, which was founded in 1946 and booked $262 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol WCIC. WCI Communities filed confidentially on April 19, 2013. Citi, Credit Suisse, and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.
